G D Accounting Equation and Balance Sheet Total Total Total Assets Liabilities Equity Income Statement Net Income Business Activities Operating Investing Financing Activities Activities Activities Transaction 10 Owner invests cash in business 11 Client pays cash for services completed 12 Pays cash for employee wages 11 Buys of equipment with a note payable 14 Purchases of supplies on account 15 Pays rent for the current month 16 Buys equipment for cash 17 Writes a check for the month's utilities (pays cash) 18 Pays on accounts payable 19 Provides services on account 20 Owner wir draws cash 21 Colects cash on accounts receivable 22 Totals Amount $8,000 $6,000 $1.250 $10,000 $525 $3.000 $2,750 $150 $525 $1.500 $2.000 $1.500 24 Total Assets Total Liabilities and Equity 27 Net income